5 Reasons Why Every Family Needs Life Insurance

Life insurance is not about you—it is about protecting the dreams of those who depend on you. A simple term plan can secure your family for pennies on the rupee.

1) Income Replacement

Your salary funds the household. Term insurance replaces that income so your family can continue without financial shocks.

2) Loan Protection

Home, car, and education loans can become a burden for your family. Adequate cover ensures liabilities are repaid.

3) Children’s Education

Secure long-term goals like higher education and marriage with a sum assured aligned to future costs and inflation.

4) Peace of Mind

Knowing your family is protected lets you take better career and business decisions.

5) Tax Benefits

Premiums may qualify under Section 80C and proceeds under Section 10(10D), subject to prevailing rules.

How much cover do you need?

Start with 10–15× annual income plus outstanding loans minus existing assets. Review after major life events.